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ExxonMobil to Build Butyl Rubber, Resin Plants in Singapore
(Thursday, March 06, 2014) ExxonMobil Chemical said it will build facilities to make premium halobutyl rubber and hydrogenated hydrocarbon resin at its recently expanded petrochemical complex in Singapore.
S. Korea Confirms S-Oil to Invest $7.5 Bln in Refining, Petrochemical Units
(Monday, March 03, 2014) South Korea's S-Oil Corp will invest 8 trillion won ($7.49 billion) to build heavy oil upgrading and petrochemical production units, the energy ministry said on Monday.
Germany Files Suit Against EU Over Energy Subsidy Probe
(Friday, February 28, 2014) Around 2,000 heavy users of energy in Germany such as BASF and ThyssenKrupp have been exempt from a surcharge ordinary consumers have to pay, but could have to hand over the fee should the EU rule the waiver unfair.
Fire Breaks Out at Lukoil's Stavrolen Petrochemical Plant in S. Russia
(Wednesday, February 26, 2014) A fire broke out at Lukoil's petrochemical plant in the southern Russian city of Budyonnovsk, wounding some, a local Emergency Ministry said on Wednesday.
Agrium to Expand Texas Nitrogen Plant
(Tuesday, February 25, 2014) The $720 million project will add 610,000 tonnes of urea and 145,000 tonnes of ammonia production capacity.
Attorney: New Petchem Projects Planting Seeds for More Legal Disputes
(Friday, February 21, 2014) A surge in legal disputes should accompany a new wave of petrochemical projects in the United States, predicts a Houston attorney.
ACC: US Chemical Investment Tied to Shale Gas Hits $100B
(Thursday, February 20, 2014) The American Chemistry Council (ACC) announced Thursday that potential U.S. chemical industry investment linked to plentiful and affordable natural gas and natural gas liquids from shale formations has topped $100 billion.
Chinese Propylene Producer Selects UOP Tech
(Wednesday, February 19, 2014) UOP LLC, a Honeywell company, announced that Ningbo Fortune Petrochemical Co. Ltd., a Chinese petrochemical producer, has selected UOP's C3 Oleflex process technology to convert propane to propylene, a high value monomer used in plastics production.
Westlake Dedicates New Chlor-Alkali Plant in Louisiana
(Wednesday, February 19, 2014) Westlake Chemical Corporation announced Wednesday that it held a dedication ceremony for the new Geismar, Louisiana Chlor-Alkali plant this morning.
S.Korea's S-Oil Buys Land for Oil Refining, Petchem Plant
(Tuesday, February 18, 2014) S-Oil, which is partially owned by Aramco Overseas, has won a tender to buy land to build a refining and petrochemical facility worth at least 5 trillion won ($4.72 billion).
Foster Wheeler, Tecnimont Join Forces for N. American Chemicals Projects
(Tuesday, February 18, 2014) Foster Wheeler USA Corporation has signed a collaboration agreement with Tecnimont USA Inc. for FEED design and detailed EPC of petrochemicals, chemicals and fertilizer facilities in the United States, Canada, and Mexico.
CB&I Wins Contract for La. Fertilizer Project
(Tuesday, February 18, 2014) CB&I announced Tuesday it has been awarded a contract valued at approximately $100 million to perform construction and component fabrication at CF Industries' complex in Donaldsonville, La.
Ineos Europe Makes Pioneering Deal for Ethane from US
(Monday, February 17, 2014) Ethane will be transported through the Mariner East infrastructure and imported by sea for use in INEOS' European cracker complexes.
Russian Chemical Firm Selects Technip for Cracking Furnace Project
(Monday, February 17, 2014) OJSC Kazanorgsintez has selected Technip for a project to provide a grassroots double-cell cracking furnace at Kazan, Republic of Tatarstan, Russia. The furnace is preferred for cracking high-capacity, low-cost ethane and propane gas feedstock.
S.Korea's KNOC Selling Land for Refining or Petchem Investment
(Monday, February 17, 2014) KNOC is seeking a refiner or a petrochemical maker willing to buy land to build a 5 trillion won ($4.70 billion) refining or petrochemical plant, the state-run oil company has said in a public tender document.
PetroChina's New Refinery to Start Commercial Runs in April - Sources
(Friday, February 14, 2014) PetroChina's newly started $6 billion greenfield and petrochemical complex in southwest China is expected to enter commercial operations by early April, company and industry sources said on Friday.
Brazil's Braskem Sees Investments Little Changed in 2014
(Thursday, February 13, 2014) Brazil's Braskem SA , Latin America's largest petrochemical company, expects to invest 2.664 billion reais ($1.11 billion) in 2014, close to its 2.722 billion reais in capital spending in 2013.
Loeb's Third Point Blasts Dow Chemical 'Lack of Transparency'
(Wednesday, February 12, 2014) The harsh words escalate the tension between the largest U.S. chemical maker and Daniel Loeb, operator of the $14 billion Third Point hedge fund.
Germany Extends Disputed Green Energy Subsidies to Industry
(Tuesday, February 11, 2014) The value of exemptions to green energy charges Germany grants heavy industry will rise to 5.1 billion euros in 2014 from last year's 4 billion euros, even though the exemptions are subject to a anti-competition probe by the European Union.
Vessel Fire May Delay Borneo Project for Malaysia's Petronas Chem
(Monday, February 10, 2014) Malaysia's Petronas Chemicals Group Bhd may face hiccups in its 4.5 billion ringgit ($1.35 billion) Sabah Ammonia and Urea (SAMUR) project after a vessel transporting equipment to the plant site caught fire.